sec.416Voting by interested director

### sec.416 Voting by interested director A WorkCover director who has a material personal interest in a matter that is being considered by WorkCover’s board must not— vote on the matter; or vote on a proposed resolution (a related resolution ) under subsection (2) in relation to the matter (whether in relation to the director or another director); or be present while the matter, or a related resolution, is being considered by the board; or otherwise take part in any decision of the board in relation to the matter or a related resolution. Maximum penalty—100 penalty units. Subsection (1) does not apply to the matter if the board has at any time passed a resolution that— specifies the director, the interest and the matter; and states that the directors voting for the resolution are satisfied that the interest should not disqualify the director from considering or voting on the matter. A quorum is present during a consideration of a matter by the board only if at least 2 directors are present who are entitled to vote on any motion that may be moved in relation to the matter. The Minister may, by signing consent to a proposed resolution, deal with a matter if the board can not deal with it because of subsection (3) . (sec.416-ssec.1) A WorkCover director who has a material personal interest in a matter that is being considered by WorkCover’s board must not— vote on the matter; or vote on a proposed resolution (a related resolution ) under subsection (2) in relation to the matter (whether in relation to the director or another director); or be present while the matter, or a related resolution, is being considered by the board; or otherwise take part in any decision of the board in relation to the matter or a related resolution. Maximum penalty—100 penalty units. (sec.416-ssec.2) Subsection (1) does not apply to the matter if the board has at any time passed a resolution that— specifies the director, the interest and the matter; and states that the directors voting for the resolution are satisfied that the interest should not disqualify the director from considering or voting on the matter. (sec.416-ssec.3) A quorum is present during a consideration of a matter by the board only if at least 2 directors are present who are entitled to vote on any motion that may be moved in relation to the matter. (sec.416-ssec.4) The Minister may, by signing consent to a proposed resolution, deal with a matter if the board can not deal with it because of subsection (3) . - (a) vote on the matter; or - (b) vote on a proposed resolution (a related resolution ) under subsection (2) in relation to the matter (whether in relation to the director or another director); or - (c) be present while the matter, or a related resolution, is being considered by the board; or - (d) otherwise take part in any decision of the board in relation to the matter or a related resolution. - (a) specifies the director, the interest and the matter; and - (b) states that the directors voting for the resolution are satisfied that the interest should not disqualify the director from considering or voting on the matter.